With just three weeks to go until a self-imposed Labor Day deadline, DreamWorks Animation is coming down to the wire in talks for a distribution deal with 20th Century Fox or Sony Pictures.
Those two studios are now the top candidates to replace...

Shrek and Po have found a new home.
DreamWorks Animation, the Glendale studio behind such hit animated franchises as "Shrek," "Kung Fu Panda" and "Madagascar," has signed a five-year deal with 20th Century Fox, which will distribute its movies...

Walt Disney Studios will no longer release movies from its partner DreamWorks Studios around the world.
The two companies have renegotiated their longstanding agreement. Going forward, Disney will only release movies produced by DreamWorks, the...

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The lobbies of most Hollywood offices are decorated with movie posters and Academy Awards.
But on the sixth floor of a building on Warner Bros.' Burbank lot, the lobby is decorated with patents — 24 of them, for things such as "a method and apparatus for providing lossless data compression" and "motion picture anti-piracy coding."
This might be a sneak peek at the future of the modern studio, where the digitization of delivery systems and the power of social media mean that making great movies and...

Walt Disney Co. will take a $50 million write-down in the current fiscal quarter for a stop-motion animation project it canceled in August.
The untitled movie was to be directed by Henry Selick, the well respected filmmaker behind "Coraline" and "The Nightmare Before Christmas." Previously set to be released in October 2013, the picture had been in production for about a year when new Walt Disney Studios Chairman Alan Horn halted work.
News of the write-down came in a presentation that Disney chief...

Warner Bros. will manage most of Paramount's movie library on DVD, in a first-of-its-kind deal between major studios that reflects the ongoing decline in disc sales.
The companies said Thursday that Warner will handle more than 600 titles from Paramount's library, including such classics as "Chinatown," "Saturday Night Fever," and "Braveheart."
The renewable three-year agreement, which takes effect Jan. 1, 2013, will allow Paramount to save the costs of manufacturing and shipping DVDs from its catalog....

Stan Lee Media, an Internet company that shut down more than a decade ago and has been mired in litigation ever since, has filed a multibillion-dollar lawsuit against Walt Disney Co.
The complaint was filed Tuesday in U.S. District Court in Colorado, where Stan Lee Media -- co-founded by the famous Marvel Comics writer, who is no longer an officer of the company -- is headquartered. It claims that a contract signed by Lee in 1998 assigned his rights to all of his comic book creations, including Spider-...

Walt Disney Co. is implementing a new policy to use less paper from environmentally threatened areas, a year after it was targeted by environmental protesters.
In May of 2011, activists from the Rainforest Action Network hung a banner outside Disney's Burbank headquarters charging the entertainment giant with "destroying Indonesia's rainforests."
At the time, Disney called the protest a "publicity stunt" and said it had already made a commitment to "sustainable paper" in a 2010 corporate citizenship...

Warner Bros. has filed a series of explosive allegations against its longtime legal nemesis as a key decision looms that could affect its ownership of Superman.
The Burbank studio's DC Comics unit said in a legal filing Wednesday in Los Angeles federal court that attorney Marc Toberoff, who has represented the heirs of Superman creators Jerry Siegel and Joe Shuster in their eight-year fight to regain control of the Man of Steel character, has engaged in "willful concealment of evidence."
Warner Bros.'...

Superman won’t be going up, up, and away from Warner Bros.
In a crucial legal victory for the Burbank studio, a federal judge in Los Angeles on Wednesday denied an effort by the heirs of Superman co-creator Joseph Shuster to reclaim their 50% interest in the world’s most famous superhero.
Superman is one of Warner's most valuable characters, having generated more than $500 million at the domestic box office with five films and billions of dollars more from television series such as “...